英文摘要 |
To enhance commercial development in Taiwan, managers always work hard to strengthen the added value and reach economic benefit of complementary resources for logistic companies. In past literature, performance evaluation of logistics companies mostly focus on analyzing weights of key criteria or conduct efficiency evaluation with traditional data envelopment analysis (DEA). However, during an economic downturn, performance evaluation of merger and acquisition between companies is also a key issue for managers. Improper merger and acquisition between companies increase scale only. Only when managers choose a suitable company portfolio and conduct high-efficiency merger and acquisitions, then productivity can be increased. Therefore, this study adopts a two-stage DEA method to evaluate profitability and marketability after merger and acquisition of specialized logistics companies (e.g., ground transportation and sea transportation) in Taiwan. The numerical analysis is based on data of the financial crisis during the 2007 U.S. subprime mortgage crisis. This study finds out that Taiwanese logistics industry possesses a highly unified pure technical efficiency. Moreover, sensitivity analysis shows that the number of employees is a key variable for the performance difference between companies. |